A worker organizes bicycles at a Walmart Superstore in Secaucus, New Jersey, July 11, 2024. Last month's rise in the unemployment rate has set off new worries about the threat of a recession, but it could also be a false alarm. The distorted post-pandemic economy has already confounded a host of traditional recession signals, at least so far. (AP Photo/Eduardo Munoz Alvarez, File)
August 2, 2024
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August 2, 2024 3:50 p.m.
Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far
WASHINGTON (AP) — A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm.